Flexible Spending Accounts (FSA)

Flexible Spending Accounts are tax-advantaged accounts for medical and dependent care expenses.

Tri-Star offers administration of these Internal Revenue Code Section 125 authorized plans. Accounts are maintained for employee-contributed or optional employer-contributed funds. Payments to participants are streamlined through direct deposit, and/or use of the FSA debit card, or optionally by check. Tri-Star can accept data file feeds from your insurance carrier to auto-adjudicate claims for participants, therefore, eliminating paperwork filing by participants.

Limited-Scope FSAs are available for employers with High-Deductible Health Plans (HDHP) to offer tax advantages for qualifying dental and vision expenses. Tri-Star will work with you to design the plan or combination of plans to best serve your needs.

Plan Design

  • Consultation on plan design
  • Preparation of Plan Document & Summary Plan Description

Enrollment Communication

  • Enrollment fliers for open enrollment and new hires with links to tax-savings calculators, qualifying expense listings, IRS Publications, etc.

Enrollment/Account Maintenance

  • Planning worksheets and tax-savings calculator via the web-site
  • On-Line annual enrollment through a secure web-site
  • Customized paper enrollment available
  • New hires, changes in status, terminations, etc. maintained via electronic feeds from employers

Claims Reimbursement

  • Auto adjudication and payment of claims processed through a data file feed from your insurance carrier
  • Debit Cards, optional, eliminate paper filing for qualified, electronically-supported expenses
  • Next day processing of on-line claims filing with follow up faxed supporting documentation
  • Optional fax or mailing of paper claims

Ongoing Participant Communication

  • Welcome letter via email
  • Account status with each reimbursement
  • Periodic account reminders
  • On-line, real-time, 24/7 account detail and summary
  • Blog for current topic updates
  • Live chat for customer inquiries

Employer Reporting

  • Weekly reimbursement registers
  • Monthly status reports via secure email
  • Customized reporting on request, available from in-house software

Customer Service

  • Toll-free, live, customer service representative available for participant and employer support
  • On-line account access 24/7
  • On-line forms and links to Internal Revenue Service topics

Plan Compliance

  • Qualifying expense review
  • Discrimination testing services
  • Plan document compliance
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